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Solvar Limited (ASX:SVR)

ALERT: Price-sensitive ASX Announcement for SVR
Current share price for SVR : $1.535 -0.225 (-12.78%)+
Announcement
Release
18 Feb 2026 9:57AM
Price at Release
$1.760
Full Release
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Summary
Solvar Limited reported its H1 FY26 financial results, showing a normalised net profit after tax (NPAT) of $20.0 million, a 5.8% increase on the previous corresponding period. The statutory NPAT was $17.8 million, with earnings per share rising by 13.5% to 9.3 cents. A fully franked interim dividend of 6.0 cents, plus a special fully franked dividend of 2.5 cents, was declared. The Australian loan book grew by 1.7% to $846.6 million, and the bad debt expense decreased by $6.2 million due to the sale of a written-off loan book in New Zealand. The company has over $500.0 million in funding headroom for growth. Solvar sold its New Zealand written-off loan book for NZ$9.4 million, which accelerated cash flow recognition and simplified its exit from the market. The Group expanded its funding sources with a new $488.0 million warehouse debt facility. Solvar's commercial loan book is growing, with the company expecting continued growth in this area.
Key Points
  • Normalised NPAT of $20.0 million, a 5.8% increase.
  • Statutory NPAT of $17.8 million.
  • Earnings per share increased by 13.5% to 9.3 cents.
  • Fully franked interim and special dividends declared totaling 8.5 cents.
  • Australian loan book grew by 1.7% to $846.6 million.
  • Bad debt expense reduced by $6.2 million due to New Zealand loan book sale.
  • Over $500.0 million in funding headroom available.
  • Sold New Zealand written-off loan book for NZ$9.4 million.
  • Increased funding sources with a new $488.0 million debt facility.
  • Commercial loan book is expanding with expected continued growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.